Collins & Aikman Ranked in Top Tier for Supplier Shareholder Returns in 1999
24 January 2000
Collins & Aikman Ranked in Top Tier for Supplier Shareholder Returns in 1999TROY, Mich., Jan. 24 -- Collins & Aikman Corporation was ranked the sixth best performing automotive supplier stock for 1999 in a recently released study by Automotive News and PricewaterhouseCoopers. The study, which was published in the January 17, 2000 issue of Automotive News, ranked total shareholder returns for the 42 largest global automotive suppliers. For 1999, the study revealed that Collins & Aikman provided a total return to shareholders of 27.2 percent versus the average supplier total return index of 0.2 percent. Of the 42 largest global automotive suppliers, only 14 companies had positive shareholder returns in 1999. "We are particularly gratified that Collins & Aikman was ranked as one of the top performing automotive supplier stocks in 1999," stated Collins & Aikman Chairman and Chief Executive Officer, Thomas E. Evans. "With our new senior management team in place, the continued implementation of our global restructuring programs and the dedicated efforts of our outstanding worldwide workforce, Collins & Aikman is well positioned to continue creating long-term value for our shareholders." Collins & Aikman is the global leader in floor and acoustic systems and is a leading supplier of automotive fabric, interior trim and convertible top systems. The Company's operations span the globe through 65 facilities, 12 countries and more than 16,000 employees who are committed to achieving total excellence. Collins & Aikman's high-quality products combine industry-leading design and styling capabilities, superior manufacturing capabilities and the industry's most effective NVH "quiet" technologies. Information about Collins & Aikman is available on the Internet at http://www.collinsaikman.com